Tax Scan

IMAX Corporation Lacks Fixed Place or Installation PE in India: ITAT Deletes Additions Noting Employee Presence Was Merely 5 Days During Year [Read Order]

https://www.taxscan.in/top-stories/imax-corporation-lacks-fixed-place-or-installation-pe-in-india-itat-deletes-additions-noting-employee-presence-was-merely-5-days-during-year-1447131?utm_source=facebooksm&utm_medium=txn&utm_campaign=june8imax

IMAX Corporation Lacks Fixed Place or Installation PE in India: ITAT Deletes Additions Noting Employee Presence Was Merely 5 Days During Year The Tribunal declined to adjudicate on individual additions regarding theatre design services and the sale of glasses, as they were predicated on the existence of a PE.

ITAT upholds Fringe Benefit Tax additions on free tickets and hospitality expenses, dismisses Jet Lite (India) appeal [Read Order]

https://www.taxscan.in/top-stories/itat-upholds-fringe-benefit-tax-additions-on-free-tickets-and-hospitality-expenses-dismisses-jet-lite-india-appeal-1447130?utm_source=facebooksm&utm_medium=txn&utm_campaign=june8itat

ITAT upholds Fringe Benefit Tax additions on free tickets and hospitality expenses, dismisses Jet Lite (India) appeal The ITAT dismissed the Revenue’s penalty appeals, validating that penalty proceedings cannot be used as a measure to compensate for the disallowance of a legitimate, albeit incorrect, legal claim.

Double Income Tax Benefit for BSNL Retirees: ITAT Upholds Full VRS Exemption and Leave Encashment Relief [Read Order]

https://www.taxscan.in/top-stories/double-income-tax-benefit-for-bsnl-retirees-itat-upholds-full-vrs-exemption-and-leave-encashment-relief-1447128?utm_source=facebooksm&utm_medium=txn&utm_campaign=june8incometax

Double Income Tax Benefit for BSNL Retirees: ITAT Upholds Full VRS Exemption and Leave Encashment Relief BSNL retiree is entitled to full exemption of VRS compensation under Section 10(10B) of the Income Tax Act, 1961 and full exemption of leave encashment benefits, allowing the assessee’s appeal.

Supreme Court & High Courts Weekly Round-Up

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Supreme Court & High Courts Weekly Round-Up A Round-Up of the Supreme Court & High Court Cases That Were Reported at Taxscan Last Week